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JAPAN NEWS AND DISCUSSION

Japan urges Europe to close debt deal

Politics Oct. 25, 2011 - 01:25PM JST ( 8 )

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8 Comments

1

JapanGalOct. 25, 2011 - 03:10PM JST

The Yen really is way too strong.
0

naruhodo1Oct. 25, 2011 - 04:00PM JST

The british pound has always been strong and so has the US dollar. Both export as much as Japan. They never complained. In fact always bragged about it. Get over it!
0

JapanGalOct. 25, 2011 - 06:34PM JST

naruhodo, you would not get over it if you wanted to bring back almost a few hundred dollars to Japan as I want to do.
0

PT24881Oct. 25, 2011 - 10:33PM JST

J. Azumi appeared to be a 'scoop' that is far too optimistic than the Eurozone 17 themselves. As N. Sarkozy's open disputes with D. Cameron dragged on amid intensified disagreement with Germany, the outlook for 'final stage' settlement could very likely be postponed?
-1

888naffOct. 26, 2011 - 12:32AM JST

The strength of the British pound or not is not relevant to Japans comment on the EU.

For reference British pound versus yen was around 250yen per pound a few years ago..now is almost half that thanks to carry trade and the yen seen as a safe currency. The pound most certainly isn’t strong now..it doesnt buy you much round the world these days, even in the EU.
0

YuriOtaniOct. 26, 2011 - 04:47AM JST

My advice is to sell Euros and buy dollars.
0

sfjp330Oct. 26, 2011 - 05:47AM JST

It is quite possible that the monetary Euros union will not be sustainable. Some countries that discover themselves to be in difficulty may cancel their membership and re-establish an independent currency and an inflationary monetary policy. The example of Ireland’s departure from the sterling currency area suggests that leaving a currency union is beneficial, rather than joining one.

In theory, a Euros currency union can offer economic benefits, but only under fortunate circumstances. The lack of exchange rates removes a very effective mechanism for adjusting imbalances between countries that can arise from differential shocks to their economies. History demonstrates that well-chosen devaluations can help an economy out of difficulties and UK should retain this option.
0

palanteboricuaOct. 27, 2011 - 01:24PM JST

@naruhodo1,... well said! Couldn't have said it better myself!

It's now or never to buy dollars!!

@JapanGal,....I don't mean to be rude, but I'd keep an eye-watch on expenditures.